PR cannot sublet HDB liao

[Joseph22]

nabey.. when ppl gave u stick in this thread about your english i defended u wor.

 

okay lah i give to you. peace ok

[Joseph22]

you really got critical thinking now.

My respect.

no lah. i just happen to know lots of handicap friend when i was helping up in my secondary school helping the handicap programme.

[Raymondism]

i take this as personal attack.

 

btw, most of your other post dont make sense.

 

not personal attack...

 

he just waiting for u to flame him

[Raymondism]

nabey.. when ppl gave u stick in this thread about your english i defended u wor.

how to defend his english??

mission impossible

 

wonder how many pr here...

[FocusWagon]

most PRs who own HDB flats live in them. only those who have moved on to other countries but still holding their PRs will rent out their HDBs.

 

this is a small move in policy that will not affect prices much. BUT score big politically.

[FocusWagon]

Well I'm going to be a contrary voice

 

a) What will happen to tenancy contracts? A lot that I know about are two years - this won't be possible under the new rules

b) Citizens are allowed to rent flats indefinitely, but PR are not? Doesn't seem quite right - HDB is supposed to be a home, full stop - not an investment. So in my mind would be better if rules were enforced so that it is a home.

c) HDB is something like 80% of the market - rather than implementing these sorts of rules, my preference would be such that HDB really and truly becomes subsidised for those that need a leg up. Anyway - HDB is not subsidised, the govt still makes a profit from every HDB flat sold

d) There is a built in mechanism for PR to "expire" after 5 years if you are not working and contributing to Singapore, so I am doubtful if more needs to be done on that front

 

With the measures that are being introduced, it is becoming more and more like acquiring Permanent Residency is a "not really permanent residency" measure, but more of an upgraded workpermit. More specifically than individual measures this doesn't feel "right" as an overall policy. If you don't want the person here permanently, then don't grant residency in the first place. If you only want the person here short term, then create a class of workpermit that addresses this - rather than taking more and more away from those that have permanent residency.

 

After all, the overall policy of permanent residency is as someone who is working towards / eligible for / of a quality to be a citizen - NOT someone who is just here to do a job and then zao.

 

In the interests of full disclosure

a) this policy change will NOT affect me

b) we are looking at buying a second investment property - if we do this the Condo will be rented and we will continue to live in our HDB

 

sgporeans have the BIRTH RIGHT to own a 2nd ppty for passive income, and choose which one they want to stay in.

[FocusWagon]

Actually, the vision of hdb is more than just tangible asset. It's part of singapore welfare system and allow singaporean to rent out their flat is part of the whole idea of hdb. And it was meant to provide retirement income to singaporean. So KBW is working towards the same vision as our early generals.

 

absolutely true. the only pple who say that hdb must only be for self-stay, even for citizens, are either:

 

1) cannot afford the 2nd ppty - sour grapes

2) not good at financial planning (ie: dunno what is call passive income)

 

with all due respects

bros here who advocate hdb must only be for self-stay - please raise your hand and say why, if u dun already belong to the above 2 groups. :)

[FocusWagon]

What's wrong, is taking subsidised, public housing and then renting it out while you can go and live somewhere else. Whether it be PR, Citizen or Marvin the Martian - this shouldn't be allowed.

 

above statement is correct

 

but i would like to point out that public housing in singapore is hardly "subsidised" housing. i think we all agree HDB, even the new ones, are overpriced.

 

[FocusWagon]

Well said. The flip side is that while the western world is borrowing money to be paid back in the future to fund existing welfare schemes, Singapore is doing the same thing with the HDB asset "growth" philosophy - leaving future generations to pay for overpriced housing as a way to solve the welfare needs of today.

 

This is still a Ponzi scheme and which will require more and more "members" to keep the system afloat, which is why we need truckloads of new citizens (and PR), and why the low birthrate is a serious problem, and the coming silver tsunami must be stopped at all costs - rising numbers of retirees resulting in "members" cashing out will topple the Ponzi scheme.... so retirement age will have to be postponed indefinitely.

 

[thumbsup] [thumbsup]

[FocusWagon]

This is something quite puzzling...

Seems like majority of the Singaporean here prefer the new immigrants to become citizen and potentially mess up their political arena than keeping them as PR who has no voting rights.

 

 

not quite. it is now very difficult to convert fr PR to citizen. i know.. my PR colleagues have tried very hard, and failed

[FocusWagon]

ST "The spokesman added that the Housing Board had started compulsory acquisition of flats owned by 18 people for blatantly infringing subletting rules in 2011, after conducting 7,000 flat inspections and taking action against 56 flat owners."

 

 

 

I really wonder what is everybody so happy about.

 

What is the penalty? What is extenuating reasons? How strong is enforcement? Can we as neighbours complain and let HDB know if we suspect illegal subletting?

 

All not clarified. Devil in the details.

 

They only take back about 18 flats a year lah. In all likelihood - we are still going see business as usual for all the leeches.

 

for those 18, it is painful. very.

and for those who are doing it and don't get caught, they can't sleep at night.

 

and in all likelihood, most are doing it because they have already been approved by HDB anyway.

 

[FocusWagon]

Maybe more Malaysian PRs will finally turn Singaporean after all of this.

Other countries i don't really care. But i'm sure we all know some malaysian PRs. Maybe tough for those malaysian chinese who live here for 10-20 yrs but won't give up their citizenship as non-malaysian citizen can't hold malaysian property.

 

not many. most of them have pptys back home. dun forget that msians working here for some time are generally rich enuff to buy something back home, be it for their parents or whatever.

[Zze121]

This housing thing is getting from bad to worse.

[Wt_know]

whenever there is new launch, the interviewed developer always say 'there is still huge demand' in the market.

even bto is always over-subscribed.

really so huge demand?

everyone buy 2-3 properties nowadays?

 

This housing thing is getting from bad to worse.

Edited July 15, 2012 by Wt_know

[Yewheng]

whenever there is new launch, the interviewed developer always say 'there is still huge demand' in the market.

even bto is always over-subscribed.

really so huge demand?

everyone buy 2-3 properties nowadays?

 

Because of people have this mindset, if don't buy early, few years down the road housing prices will be even more expensive??

 

So whenever new launch, alot will just want chiong and grab 1st??

[Wt_know]

i know but my question is demand vs supply

thousands and thousands of units pushed into the market

how big is the market ... how many local buyers are still active in the market since overseas buyer kena 10% ABSD and heavy tax (if sold in < 4 years) and LTV 60% if still have outstanding home mortgage

 

Because of people have this mindset, if don't buy early, few years down the road housing prices will be even more expensive??

 

So whenever new launch, alot will just want chiong and grab 1st??

Edited July 15, 2012 by Wt_know

[Mustank]

it was all along a flamebait, just that it started okay until someone bring a hay of straw in

 

now fire dying off liao

[Meanmachine]

It's good to see things moving...... slowly but at least it is moving.....

 

 

Tell U hor bro, something the swing goes up sometimes nvr come down, so dun be too happi, sekali, swing wrong sides too.

 

This swing juz to tickle yur balls oni